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High returns often come with high risks, like twin siblings. In the world of crypto trading, choosing the wrong strategy could lead to bankruptcy overnight.
Short-term trading and swing trading sound tempting—taking advantage of price fluctuations for quick profits. But the reality is, this requires exceptional market intuition and execution skills; a small mistake can result in a sudden "slap" from the market. No strict stop-loss discipline? Then get ready for liquidation.
Let's look at ICOs. Buying at low prices and waiting for the project to take off for big gains? Theoretically perfect, but the pitfalls are deep. Many projects make empty promises before launch, then run away after going live. Not to mention outright scams. Before investing, you must thoroughly research the team background, technical plans, and market logic; otherwise, it's just gambling.
Small-cap tokens are even more ruthless. A few hundred dollars can skyrocket them. But these tokens often lack transparency in mechanisms, with manipulators controlling the market and floor price crashes—imagine you buy at the bottom, then everything is over.
As for contract trading—it's a leverage game. Profitable when you win, but losses can come even faster than short-term trades. The crypto market has no daily price limits; the market is like a "roller coaster." Using leverage, you could be liquidated in an instant.
In short, to pursue quick wealth in this market, you first need to understand how much risk you can bear. Stay alert, identify false propaganda, and don't let greed ruin your account.